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Search Results 0 to 25 of about 26 (some duplicates have been removed)
the fact, don't understand the fact when we talk about the debt ceiling, we're talking about bills accrued. this gets complicated in the messaging is my point. >> sure. but i think it will be clear to the american public by the time the debt ceiling -- it will be clear. wall street will make it clear, banking community will make it clear. what the ramifications are to americans by not lifting the debt ceiling. are you right, mike. all this is about as the president said is paying for the bills that congress has already voted to fund. and it's not lifting the debt ceiling to pay for future spending, it's to pay for the bills we've already accrued. but regardless of that. regardless of that, people want us to get together and do something. that's why i was sad to see steve decide not to run for re-electi re-election. we need republicans, more republicans that will stand in and say, yes, spending is the issue. we have to realize we need to have reasonable revenue in the mix. we have to look at everything. when it comes to spending, defense can't be a sacred cow. we need legitimate entitlement
to get out of the way and let businesses grow. isn't not raising the debt ceiling to pay for bills already incurred. standing in the way of the economy? >> well you know, ali, you said this, the republicans view this as a good tool to try to discipline spending. i don't think they view this as a good tool. but i think they kind of view this as pain the only tool they have right now to try to get president obama to negotiate on spending cuts. as you quite correctly said, we just live heavied through the first of these cliffs, which was the fiscal cliff. we got by that one. democrats feel they had their day there and they did, they got their tax increase. republicans are still wondering when are we going to get around to reforming these big giant entitlement programs and maybe disciplining spending on the discretion aye side, i think there will be a showdown on the debt ceiling. you may not like it, but i think we may come to the brink again. this issed way washington works now. >> conservative republicans hold themselves up as financially responsible. isn't this an irresponsible thi
will not negotiate a bar raising the debt ceiling. that is paying the bills we have already incurred a, not setting a new standard. he has to negotiate, but he also has the possibility, instead of just letting us rolling the dice as simply saying he's going to break it. if he does that, there will be a court case, but that will take time. >> they want to jeopardize the full faith and credit of the united states by refusing to raise the debt limit, they will pay the consequences. >> you may want to refer to an impassioned speech obama gave in 2006 against raising the debt ceiling in the senate and the explain why we were robbing the future of the country. >> all the presidents have -- >> allowing the debt ceiling to rise automatically. >> let's go back to the relief package for sandy. why did he leave that? he opened himself up to scathing criticism. >> i do not understand it. eric cantor assured them they would get a vote and it would pass the senate. it was predictable that this would blow up and he walked away from it. you would think you would have the votes are you would not bring it to the flo
game again. >> molly: congress has two months to fix the debt ceiling problem before the u.s. may have to default on its bills. >> jamie: what kind of reaction did we hear from republicans? >> molly: republicans agreed for the push for higher taxes during the fiscal cliff battle now want to tackle spending and they see raising the debt limit as part of the spending problem. they want more bipartisan negotiations and less campaigning. >> it looks like the second term of barack obama is going to be in your face term. i'm not going to talk to you at all about the debt ceiling. we've yet to cut one dime from the debt ceiling agreement and now time to do it again. we have to stop the madness. >> molly: chris van hollen it's reckless and irresponsible not to pay bills that are due. >> jamie: thanks, molly. >> gregg: president obama signing that $9.7 billion super storm sandy aid bill into law. it increases the federal emergency management agency's borrowing. fema had warned it would run out of funds if congress didn't step in to help soon. a larger and more comprehensive aid package still in
secretary. congress has two months to fix the debt ceiling before the u.s. may have to default on its bills. so the president comes back from a nice vacation in hawaii, he comes back to big issues that they have to tackle. sequestration, the debt ceiling, spenning. he is enjoying his last few minutes here on the plane, taxiing and he will head back to the white house with his family. >> jamie: molly, thank you. >> can washington come up with a plan to raise the debt limit without burying the count country in more debt? we have a former spokesperson for former governor jeb bush. happy new year. justin, the president says there won't be any negotiating t. needs to be raised -- period. what do you think? >> i think it's remarkable. it's as if the election meant that president obama has been elected king. the republicans compromised on a very important principle. they didn't want to raise taxes. president obama wanted to raise taxes, they compromised. now president obama is issuing a no-compromise to the congress, to the american people -- 48% didn't rote for president obama. it's very disrespe
's called the debt ceiling. congress racks up the bills, and congress has to pay those bills. we had this fight last year. we saw a huge, huge who was going to blink first, and obviously president obama blinked. this time around the republicans, i would assume, will most likely try to use that chit again and say, look, mr. president, look american people, let's have a philosophical conversation here about our debt and how much we really can afford. >> doug, same question to you relative to the democrats. what kind of bargaining chips do they have right now? >> i don't see the president backing down on the debt ceiling. it's something that has to be dealt with. we have to meet our obligations. the problem here is i think that republicans in the house are dominated by a group of extreme ideologues who really don't care about the consequences of their actions. there's plenty to talk about in terms of bargaining chips, cutting billions in wasteful spending and military programs and corporate warfare that are needed, addressing means testing of medicare so the wealthier beneficiaries who
in the new session. i know the senate is -- you asked about the debt ceiling which is first up when they come back. how does the politics of the house to address the debt figure in to politics and the farm bill? >> the theory that leaders were operating under during the debate on the fiscal cliff that we just wrapped up -- if you saw a situation where you needed to find deficit reduction to offset some sort of either spending cuts or offset increase to the debt limit or be paired with an offset, the farm bill would be a good inclusion in that effort. what we heard senator stabenow say today was a less optimistic view, but a more realistic view, but that is not likely to happen, given what is going on with the farm bill and given what we have learned. the house has no plans to take it up. they did not take it up at all last congress. it is too early to tell really what the plan is among the house leadership. even if chairman lucas does a farm bill, no one knows where it will go. >> as we are taping, some more news has come out on the house side about pushing for a timetable with leadership. ho
. so what will happen is they will pass a bill that raises the debt ceiling but with a price of major cuts. that will go to the senate. and then we will see what happens. now, in the end, of course, the debt ceiling is going to have to be raised but i think the republicans will be far more united this time around than the last time around. >> i wanted to talk about gun control but we will kick that to the next battle. we we return, battle lines drawn over the new defense secretary as the president makes his cabinet for a second term. and gun control. should armed guards be in school. wait until you see the results of a new poll. you will be very surprised. we'll be right back. the capital one cash rewards card gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone but her likes 50% more cash, but i have an idea. do you want a princess dress? yes. cupcakes? yes. do you want an etch-a-sketch? yes! do you want 50% more cash? no. you got talent. [ male announcer ] the capital one cash rewards card gives you 1% cash back on every purchase plus a 50% annual bonus on
the sequester bill. now these are legitimate government spending bills. the debt ceiling is different because it triggers all of these international financial problems. and it triggers the credit of the united states. they don't have to say we're going to be wimps. i helped close the government twice. it actually worked. bill clinton came in and said the era of big government is over after two closings, not before. >> you also wrote in your memoir that you regretted it from the point of view that you relied too much on the enthusiasm of the activists and didn't factor in the disdain of the american people. but we got re-elected for the first time since 1928, and we would have never gotten to a balanced budget and never gotten welfare reform without that fight. so if congressional republicans want to say you'll have a hard time with the continuing resolution, that's legitimate, and it's exactly the right ground. and then take the president's speech from yesterday, in which he said once you have spent it, have you an obligation to the debt ceiling, say terrific, we agree with you. and we're not
and now the lines are drawn for the battle or -- over the debt ceiling. >> add -- as i sad earlier this week one thing i will not compromise over is whether congress should pay the bill for a tab they have already racked up. if congress refuses to give the government the about -- ability to pay its bills on time, the consequences could be catastrophic. >> speaking for the republicans today michigan congressman davecamp faulted the president and congressional democrats for not working hard enough to incorporate meaningful spending cuts in the fiscal cliff deal. >> and the food and drug administration is proposing two sweeping rules to prevent food becoming con taminitied -- contaminated. the first rule would require companies that process food to take measures to prevent the risk of contamination. the second would require companies that harvest fruits and vegetables to prevent e. coli contamination. >>> well, time to get rid of that christmas tree. next, the city of coig has made that easy for some chicago residents. >> and it's that ti
that he does not want to get into a fight over the debt ceiling. let's listen up to that. >> i will negotiate over many things. >> i will not have another debate with this congress over whether or not they should pay the bills that they have already racked up through the laws that they passed. >> as much as people have expected a desire to come together, i have seen polar opposite statements. >> i think you are going to have a healthy debate. i think the president, whether he wants to be involved, he should be involved. and i think for the administration's sake, he should be involved and will be involved. but this is debatable. this is a big thing. are we going to continue to spend, spend, spend? and borrow, borrow, borrow? that's what the debate's going to be about. what leverage does the republican party have? you control one house of one branch of government in there is only a limited number of things we can do. >> in the senate, we can debate. we do have 45 senators. if we stay together for the right reason and that is to say, look, this is the time we have to say no unless
's weekly addressed focused on his next challenge with congress, the debt ceiling. >> one hing i will commote compromise is lightning congress should pay the tab for a bill they already wracks up. if congress refuses to gift united states the ability to pay its bills the consequences could be catastrophic. republicans say a deal must include spending cuts, but the g.o.p. is not unified in its own strategy. yesterday former president candw commented. >>> google said the decision to block map was to ensue a good user experience and not about exceptionally interfering with a rival product. according tot tech site google is working on a redirect so window users can use the map service. >> some homeowners on storm- ravaged staten island, new york are furious that going is touring neighborhoods, photographing damaged homes for it's 360-degree map technology. google says it's updating the photos to "help people around the world better understand the extent of the damage. google says it plans to revisit affected areas and take more pictures to show the recovery progress over time. >>> i
the federal debt ceiling. in his weekly address, he said he will not compromise on the issues. >> if congress refuses to give the united states the ability to pay its bills online interesting consequences for the entire global economy could be catastrophic. last time congress threatened this course of action, our entire economy suffered for it. our families and our businesses cannot afford that dangerous game again. >> the nation's credit rating was downgraded the last time lawmakers threatened inaction on the debt ceiling in 2011. >>> a whale of a price for a high quality tuna. a bluefin tuna was sold for the egive lenl of $1.7 million in auction in tokyo. the major of the sushi chain was the buyer. he said although the fish was of the highest quality and color, he was surprised at that high purchase price. the fish has already been shipped to the sushi chain where a few lucky customers got a taste. no word on whether it was worth the price. >> strong swimmers proved today that it is possible to escape from alcatraz. today was the sixth annual alcatraz winter swim. people of all ages braved
on his next challenge with congress. the debt ceiling. >> one thing i will not compromise over is whether or not congress should pay the tab for a bill they have already racked up. if congress refuses to give the united states the ability to pay its bills on time, the consequences for the entire global economy could be catastrophic. last time congress threatened this course of action, our entire economy suffered for it. >> republicans say a deal must include spending cuts, but the party isn't unified on that strategy. yesterday, former presidential candidate newt gingrich called a potential showdown over the debt ceiling a, quote, dead loser for the gop. >>> a new kind of air ship built in southern california is almost ready to fly for the u.s. military. construction of the aero craft at a tuscan facility is complete. the company's worldwide aeros just released this video of the giant blimp-like craft in meetings. it combines airplane and air ship technologies and the military hopes to use it to deliver cargo around the world. >>> for most people, disposing of an old christmas tree means
of spending. >> raising the debt ceiling and raising objections over former republican senator chuck hagel. the president's expected choice for defense secretary. our conversation with senators dick durbin and lindsey graham. then, learning the ropes with two freshmen, democratic senator democrat heidi heitkamp and republican congressman richard hudson. plus, can either party compromise and keep hard core supporters on board, neera tanden of the center for american progress, "the wall street journal"'s jacqui kaums and "the new york times" and our own dana bash. i'm candy crowley and this is "state of the union." you knows what happens when sisyphus rolls that boulder to the top of the hill, it rolls back down, a piece of greek mythology that brings to us the reality of the u.s. congress. it got a deal for now that raises taxes on the upper brackets and prevents for now huge spending cuts. it's moved on to the issue of avoiding a u.s. default. >> the president needs to show up early this time. >> republicans say they are done raising taxes. they want the president to agree to spending cuts
cliff drama ends today. the president used his weekly address to tell the nation that raising the debt ceiling to avoid a government default is a problem for congress. >> one thing i will not compromise over is whether or not congress should pay the tab for a bill they've already racked up. if congress refuses to give the united states the ability to pay its bills on time, the consequences for the entire global economy could be catastrophic. >> reporter: top advisers say the president will never again like he did in 2011 get pulled into that debate. but republicans want a fight tying the debt ceiling to spending cuts required by the fiscal cliff. >> we're crushing today's small businesses and the next generation of americans under a mountain of debt. >> reporter: they see an opening at the end of february when the debt limit now $16.4 trillion comes up as to mandatory spending cuts in the tens of billions. >> it's time to face up to the fact that our nation is in grave fiscal danger. grave fiscal danger and it has everything to do with spending. >> reporter: with income taxes raised re
: congressman you advocated going past the debt ceiling deadline. would you advocate. >> i advocate a solution and not a deal it is no wonder that the president doesn't want to debate if i had presided over the four highest annual deficits and increase in the national debt i wouldn't want to talk about the issue either. since the debt ceiling passed 16 months ago. the day after it passed we got a downgrade from s&p . the super committee that chris voted for fell apart like we thought it would . the only scheduled cuts to take place. we suspended them in the fiscal cliff deal. we have yet to cut one dime and now it is time to do it again. stow this is, we have to stop the madness. this is the 18 year old kid on a credit card and instead of cut tupping and putting them on a budget, barak obama said give us another one and harry reid you have to - on >> john: would you support the debt ceiling. >> i don't support not dealing with the program. this whole, the way this town works and the fiscal cliff deal, the only winners were washington, they got more money and the folk necessary ohio lost rev sn
to do battle over raising the debt ceiling, we are about to get the inside story on how the fiscal cliff negotiations went down. this morning on abc's "this week" senate minority leader mitch mcconnell is the guest. he's the republican leader who helped craft the compromise. but did they kick the can down the road? is that all they did. and what do republicans plan to do about raising the debt ceiling. don't miss "this week" with george stephanopoulos coming up at 8:00 right here on abc7. >>> fans of a popular peninsula ice rink are rallying against a plan to close it. the ice center of san mateo is slated to close on june 1st. the landlord wants to transform the location at the bridge point shopping center into more retail space. but long-time fans of the rink are petitioning the landlord for a change of heart. >>> i mean, it's where most of our skaters, they come here almost every day. their parents drop them off. they feel safe here and for most of our skaters they are sad. they aren't sure what they are going to do, what their coaches are going to do, where they will end up. >> that
, and we know these three issues are coming up, the sequester, the debt ceiling and the continuing resolution to operate the government. why not sit down and not wait until the last minute to get these matters resolved? look, the biggest problem confronting the country is not taxes, it's spending. we don't have this problem because we tax too little. we have it because we spend too much. we now have a $16.4 trillion national debt, as big as our economy. that alone makes us look a lot like greece. this administration has driven spending from 21% of our economy up to almost 25% of our economy. we've got to stop using the credit card, and any opportunity we have to engage the other side in a discussion about quitting the spending spree, we're going to engage in. >> and the question is, how do you follow through on your strategy, and, you know, a lot of your allies are worried about that prospect. "the wall street journal" editorial page said "the political result would be far worse if republicans start this fight only to cave in the end. you can't take a hostage you aren't prepared to
the question what is going to change when it comes to the debt ceiling. the president state aid red line say he will not negotiate the debt ceiling. in 2011 they finally got a deal. america's credit rating was downgraded with them playing chicken one side on the other. he will be locked in with republicans over spending. now that they have given on the tax part of this there are so many fights ahead. >> when we look at future deal making, speaker boehner said i'm not going to do one-on-one negotiations with the president. how is that going to impact things? >> he became the negotiator with the white house. but it begs the question, how much different senate republicans are than house republicans. and is the precedent for boehner putting a bill on the floor with the fiscal cliff bill ultimately passed by democrats rather than republicans, will that be how they move forward? there will be a price to pay as republicans want to think long and hard about holding on to the house in 2014. all of these members will be looking at these negotiations thinking ahead to the midterm race. >> take a look at v
the treasury, additional amount had to be done. we had to keep, just like the debt ceiling, we have to keep the full faith and credit of the u.s. government and we have to make sure we pay our bills and people bought flood insurance policies and paid their premiums, we need to pay those off. >> diane, i want to talk about flood insurance in a second so hold what thought. >> we'll go back to what happened with speaker boehner. i think what we saw on display that day was the worst kind of politics and the kind of thing that really turns people off to government in general and particularly to the congress right now. john boehner was not so much concerned about the vote on the sandy relief package but he was concerned about the vote on his leadership and he was more interested in being leader than they was in leading on an issue affecting thousands of people that i represent and congressman jeffries does and fran. in this whole discussion it's not whether the bill has pork and what pork actually means, one man's pork is another man's necessity. what was really distressing is there seems to be t
Search Results 0 to 25 of about 26 (some duplicates have been removed)